. >>> president obama plans to meet with leaders to discuss the spending cuts friday. the white house press secretary said it will be a chance to discuss how to keep the cuts from damaging the economy. it will be a chance about how to cut spending without raising taxes. stocks rose today on evidence housing is recovering. the dow is up 175 to 14,075. the nasdaq is up 32 at 3,162. the s&p is up 19 to 1,515. >>> today pg&e announced it is partnering with san francisco on a $1.2 billion program to upgrade the gas and electric infrastructure. ktvu's consumer editor tom vacar is live in san francisco with details and also the controversy. tom? >> reporter: yeah. it will cost a lot of this. in fact this program is centered in san francisco, and next year every pg&e customer will pay more if the plan is amoved. >> reporter: the $1.2 billion plan was shaped by pg&e and the mayor's staff to maximize the needs for reliability, safety, growth and emergency response. adding new and relocating some existing power lines. upgrading major substations, replacing street lamps and many m